Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) Target Price at $20.22

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.2222.

Several analysts have weighed in on SEAT shares. Benchmark reissued a “buy” rating and issued a $18.00 target price (down previously from $26.00) on shares of Vivid Seats in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $7.00 price objective on shares of Vivid Seats in a research note on Tuesday, January 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Vivid Seats in a report on Wednesday, January 21st. Citigroup reduced their price target on shares of Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Vivid Seats and gave the stock a “sector perform” rating in a research note on Friday, November 7th.

Vivid Seats Price Performance

SEAT stock opened at $6.51 on Tuesday. The firm has a 50 day moving average of $6.97 and a 200-day moving average of $13.05. The company has a market cap of $69.85 million, a price-to-earnings ratio of 2.42 and a beta of 0.93. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.41. Vivid Seats has a 12-month low of $6.04 and a 12-month high of $90.50.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.68) by ($0.23). The firm had revenue of $136.37 million during the quarter, compared to analyst estimates of $131.38 million. Vivid Seats had a positive return on equity of 4.50% and a negative net margin of 24.08%. As a group, equities analysts expect that Vivid Seats will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Vivid Seats

A number of institutional investors have recently made changes to their positions in the stock. Capstone Financial Advisors Inc. purchased a new stake in shares of Vivid Seats in the second quarter valued at $25,000. Jump Financial LLC acquired a new position in Vivid Seats in the 2nd quarter valued at about $32,000. Raymond James Financial Inc. purchased a new position in Vivid Seats in the 2nd quarter valued at about $35,000. Rangeley Capital LLC acquired a new stake in shares of Vivid Seats during the 2nd quarter worth about $42,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Vivid Seats during the second quarter worth about $43,000. 39.92% of the stock is owned by institutional investors and hedge funds.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.